INCY vs UMBF: Correlation
Incyte (INCY) and UMB Financial Corporation (UMBF) show a moderate relationship: their 3-year correlation of weekly returns is 0.44.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are INCY and UMBF?
Across a 3-year window, the weekly returns of INCY and UMBF correlate at 0.44, moderate. Recent behaviour matches the longer record: 0.44 over 1 year against 0.44 over 3. Stretching to 5 years gives 0.29, with an annualized covariance of 416.3 %².
Among the 35 assets we track against INCY, UMBF ranks #14 by 3-year correlation. Correlation aside, the last 12 months split them widely, with INCY ahead by 31.4 points (+50.6% versus +19.2%).
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
INCY vs UMBF: side by side
| INCY (Incyte) | UMBF (UMB Financial Corporation) | |
|---|---|---|
| 1-year return | +50.6% | +19.2% |
| 5-year return | +68.0% | +73.4% |
| Volatility (ann.) | 33.1% | 28.4% |
| Beta vs S&P 500 | 0.45 | 1.01 |
| Max drawdown (3Y) | -33.8% | -31.8% |
| Market cap | $25.9B | $11.0B |
| P/E (trailing) | 16.3 | 11.9 |
| Dividend yield | 0.00% | 1.18% |
| Sector / category | Health Care | US Listed |
Year-by-year returns
| Year | INCY | UMBF |
|---|---|---|
| 2022 | +9.4% | -20.0% |
| 2023 | -21.8% | +2.2% |
| 2024 | +10.0% | +37.3% |
| 2025 | +43.0% | +3.4% |
| 2026 | +29.3% | +26.5% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are INCY and UMBF good diversifiers for each other?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between INCY and UMBF?
Using weekly returns as of 2026-08-27: 0.44 over 3 years, with 0.44 over the last year and 0.29 over 5 years.
Is UMBF a good diversifier for INCY?
A fair diversifier. At 0.44, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.44 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/incy-vs-umbf.json
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Related comparisons
Hubs: INCY correlations · UMBF correlations
